https://www.taxtmi.com/caselaws?id=375572 The Tribunal allowed the appeals for both assessment years, deleting the penalties levied under Section 271(1)(c) of the Income Tax Act, 1961. The Tribunal emphasized that the assessee had made full disclosures and the claims were bona fide, thus, no penalty was warranted. en-us Thu, 14 Feb 2019 00:00:00 +0530 Mon, 18 Feb 2019 19:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375572 The Tribunal allowed the appeals for both assessment years, deleting the penalties levied under Section 271(1)(c) of the Income Tax Act, 1961. The Tribunal emphasized that the assessee had made full disclosures and the claims were bona fide, thus, no penalty was warranted. Case-Laws Income Tax Thu, 14 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375572